One property declare could cause your premiums to soar by tons of of {dollars}
File only one property declare to your insurer and you'll count on to see your premiums soar by tons of of {dollars} in some states. On common, submitting a single declare -- for something starting from a stolen bicycle to twister harm -- will end in your month-to-month premium being raised by 9%, in response to a report launched by InsuranceQuotes.com. File a second declare and premiums climb by a mean of 20%.
"Profitable a small declare may truly price you cash in the long term," stated Laura Adams, InsuranceQuotes.com's senior analyst. "Householders should be actually cautious. Even a denied declare could cause your premium to go up." Associated: Which pure catastrophe will probably destroy your house? And the scale of the declare has little affect. Submitting a...